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FIP Terra Viva Concludes BRL260 Million Investment Round in Ethanol Assets (Latin America)
FIP Terra Viva, a private equity fund managed by Brazilian firm DGF Investimentos, has reportedly fully invested its BRL260 million (approximately US$123 million) corpus after investing BRL70 million (approximately US$33.1 million) in the ethanol assets of Usina Alvorada, a Brazilian sugarcane processing mill. Terra Viva was raised in 2008 to invest in Brazil’s sugarcane-based bioethanol sector and manages four sugarcane… Read More
P2 Brasil Creates a Company to Build and Rent Cellphone Towers (Latin America)
P2 Brasil, an infrastructure fund managed by Brazilian private equity firm Pátria Investimentos and engineering company Promon Engenharia, has invested BRL300 million (approximately US$142 million) to create Highline, a company that will manage wireless telecommunications towers in Brazil. Highline will build the towers under orders from carriers, renting the towers through long-term contracts. Following the creation of Highline, P2 Brasil… Read More
Fonds Cauris Croissance II Invests in Azalaï Hotels’ Regional Expansion (Sub-Saharan Africa)
Fonds Cauris Croissance II, a private equity fund managed by West African fund manager Cauris Management, has agreed to invest XAF4 billion (approximately US$8 million) in Azalaï Hotels, a West African hotel chain. Headquartered in Mali, Azalaï operates six hotels in Benin, Burkina Faso, Guinea Bissau and Mali, and the investment will fund the chain’s expansion into Côte d’Ivoire, Senegal… Read More
Horizon Capital Sells Fidem Life to Aegon (CEE and CIS)
Ukraine-based private equity fund manager Horizon Capital has agreed to sell its 100 percent stake in local life insurance company Fidem Life to Netherlands-based insurance, pensions and asset management company Aegon. Horizon first invested in the insurer in 2010 through its Emerging Europe Growth Fund II. Financial details of the transaction were not disclosed. Read More
Actis Concludes Partial Exit from XP Investimentos (Latin America)
Emerging markets private equity investor Actis has partially exited its holding in Brazilian independent brokerage XP Investimentos by selling approximately half of its stake to global private equity firm General Atlantic. Actis had originally invested US$58 million in XP Investimentos in November 2010. Financial details of the transaction were not disclosed, but the amount paid by General Atlantic was reported… Read More
Darby Backs Logistics and Cargo Operator (Latin America)
Darby Overseas Investments, the private equity arm of global investment manager Franklin Templeton, has invested in Ecuadorian logistics company Tabacarcen S.A. Tababela Cargo Center. Tabacarcen is the logistics and cargo operator at Mariscal Sucre airport in the Ecuadorian capital of Quito. Darby made the investment through its Darby Latin American Mezzanine Fund II. Financial details of the transaction were not… Read More
Helion, Footprint Ventures Invest US$6 Million in Mast Kalandar (Asia)
Indian venture capital firms Helion Venture Partners and Footprint Ventures have reportedly invested US$6 million in vegetarian food chain Mast Kalandar, owned by Indian restaurant operator Spring Leaf Retail. Mast Kalandar currently operates 40 outlets and will use the funding to expand to 100 outlets across eight Indian cities. Footprint had participated in two previous financing rounds, while Helion participated… Read More
Sequoia, Fidelity Lead Reocar’s Series B Financing (Asia)
Venture capital firm Sequoia Capital China and Fidelity Growth Partners Asia, the Asia-focused private equity arm of Fidelity Investments, have invested alongside an undisclosed private investor in the Series B financing round of Chinese rental car company Reocar. Financial details of the transaction were not disclosed, but the invested capital was reported to be in excess of RMB100 million (approximately… Read More
Transaction Solutions International Secures AUD22 Million Commitment for Indian ATM Business (Asia)
CX Partners, an Indian private equity firm, has signed a binding letter of intent to invest INR1.2 billion (approximately US$22.9 million) in Transaction Solutions International (TSN), an operator of ATMs that is listed on the Australian Stock Exchange. Under the terms of the transaction, CX Partners will acquire a 75 percent stake in TSN’s wholly-owned Indian subsidiary, TSI India, in… Read More
Saratoga, Provident Sell Tower Bersama Shares (Asia)
Indonesia-focused private equity firm Saratoga Capital and investment firm Provident Capital have sold a combined 4.4 percent stake in Indonesian telecommunications tower operator Tower Bersama Infrastructure on the Indonesian Stock Exchange. Saratoga and Provident collectively sold 210 million shares at IDR5,750 per share (approximately US$0.60) for IDR1.2 trillion (approximately US$125 million). Saratoga and Provident reportedly retain 16.76 percent and 23.85… Read More
Lombard Sells 10 Percent Stake in Thai Department Store Chain (Asia)
Southeast Asia-focused private equity investment manager Lombard Investments has sold its 10 percent stake in Thai retail chain Robinson Department Store for approximately US$219 million. Lombard’s affiliate, Asia Investment International, sold 111.3 million shares on the Stock Exchange of Thailand at THB60.5 (approximately US$1.95) per share. Robinson operates 27 department stores across Thailand. Read More
CNEI Invests US$23 Million in a Chinese Salt Chemicals Producer (Asia)
China New Enterprise Investment (CNEI), a China-focused growth capital fund manager, led a US$23 million investment in Chinese salt chemicals manufacturer China Dadi Chemical (Dadi). Korea Development Bank, the state-owned policy bank of South Korea, co-invested alongside CNEI. The investment is expected to help Dadi strengthen its industry position through capacity expansion and downstream product development. Read More